According to BlockBeats, on July 31, the new meme coin GAY on the Solana chain had a transaction volume of US$15 million within 3 hours of its launch.

GAY is currently priced at $0.00426, up 75.07% in the past hour, with a market value of over $4.2 million.

BlockBeats reminds users that meme coins have no real use cases and that investment should be made with caution.